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🚨 Bitcoin Breaks Below the $63K Level… and Liquidity Gets Wiped Out Within Minutes The cryptocurrency market experienced a strong selling wave that pushed Bitcoin down to around $62,478, with more than $125 million worth of trading positions liquidated in just one hour. But what is happening goes beyond price movement alone: 🔻 The declining chances of passing the CLARITY Act in the United States increased regulatory uncertainty, weakening investors’ appetite for risk. 🔻 At the same time, earnings results from two major companies supporting the crypto market came in below expectations: ✔️ Coinbase shares dropped by around 15%. ✔️ Strategy shares fell 8% after announcing a quarterly loss of $8.22 billion. ******💎 Conclusion What we are seeing now is a combination of regulatory pressure + disappointing company results + leveraged position liquidations, which explains the speed of the decline. If Bitcoin quickly regains the $63,000 level, the move could be just a temporary liquidation event. However, continued trading below this level may open the door to testing lower support zones in the coming hours. #Bitcoin #Crypto #Cryptocurrency #Coinbase #DailyOrbit